Shares of Mattel, Inc. (NASDAQ:MAT – Get Free Report) have earned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $17.80.
MAT has been the topic of several research reports. The Goldman Sachs Group lowered Mattel from a “neutral” rating to a “sell” rating and cut their price objective for the company from $15.00 to $12.00 in a research report on Thursday, July 9th. Citigroup lowered their target price on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, July 10th. Odeon Capital Group assumed coverage on Mattel in a report on Thursday, July 16th. They set a “buy” rating on the stock. Weiss Ratings lowered Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Finally, Argus restated a “buy” rating and issued a $22.00 price target on shares of Mattel in a report on Tuesday, August 25th.
Read Our Latest Analysis on Mattel
Mattel Trading Up 1.4%
Mattel (NASDAQ:MAT – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. Mattel had a return on equity of 16.20% and a net margin of 7.79%.Mattel’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 EPS. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, sell-side analysts predict that Mattel will post 1.31 EPS for the current year.
Insider Activity
In other news, EVP Roberto Isaias sold 39,083 shares of Mattel stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $15.02, for a total transaction of $587,026.66. Following the sale, the executive vice president owned 144,390 shares in the company, valued at $2,168,737.80. This trade represents a 21.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Mattel
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its holdings in Mattel by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 100,310 shares of the company’s stock valued at $1,688,000 after acquiring an additional 623 shares in the last quarter. Sei Investments Co. lifted its position in shares of Mattel by 1.7% in the 2nd quarter. Sei Investments Co. now owns 45,736 shares of the company’s stock worth $902,000 after acquiring an additional 758 shares during the period. Quinn Opportunity Partners LLC grew its holdings in shares of Mattel by 4.5% during the 4th quarter. Quinn Opportunity Partners LLC now owns 18,070 shares of the company’s stock worth $359,000 after purchasing an additional 774 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Mattel by 6.7% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,397 shares of the company’s stock worth $276,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Mattel by 107.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock valued at $40,000 after purchasing an additional 1,048 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.
Mattel Company Profile
Mattel, Inc is a global toy and entertainment company that designs, manufactures and markets toys, games and consumer products. Its portfolio includes well-known brands such as Barbie, Hot Wheels, Fisher-Price, Matchbox, American Girl, UNO, Thomas & Friends and Masters of the Universe.
The company also develops entertainment and experiences based on its intellectual property, including content, films, television projects, digital games, live events and location-based attractions. Mattel generates additional business through licensing its brands for products and services produced by other companies.
Founded in 1945 and headquartered in El Segundo, California, Mattel serves consumers in markets around the world through retail, e-commerce and other distribution channels.
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